Obama Gives Republicans A Tough Ultimatum On Taxes — With the fiscal cliff rapidly approaching, President Obama was unflinching in his tax stance on Friday, threatening to use his leverage to force Republicans into an unenviable position if they fail to agree to a deal in time.

Fiscal cliff talks continue, no breakthrough — Negotiations to resolve the fiscal cliff crisis continued Saturday, but there are no signs yet of a breakthrough, say sources close to the talks. — President Barack Obama held an eleventh-hour meeting with congressional leaders from both parties …

When Getting Your Butt Kicked Is the Strategy — Buzzfeed has one of many pieces about anonymous Republicans bemoaning their party's strategic incompetence, this time about the debt ceiling deal. They report: … Here's what Buzzfeed is missing: For Republicans, losing the political fight isn't a downside of the strategy.

Wishful Thinking and Middle-Class Taxes — IN the continuing fiscal negotiations between President Obama and House Republicans, both sides have, from the very beginning, agreed on one point: Taxes on the middle class must not rise. But maybe it's time to reconsider this premise.

Nation running out of ammo — Reaction to threats by Senator Dianne Feinstein and others to ban certain weapons and serverely restrict ownership of guns generally has caused a run on gun stores, as is widely reported. — Less reported is the run on ammunition, leaving ammunition inventories down 93% since election day.

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